With recreational marijuana legalization in Canada expected in July 2018, Canadian Licensed Producers are scrambling to meet market demand that is expected to exceed the available supply. During the past few months, the industry has witnessed decent M&A activity and a number of capital raises. Top players like Canopy Growth Corporation (TSX:WEED), Aphria Inc. (TSX:APH), and Aurora Cannabis Inc. (TSX:ACB) are likely actively seeking opportunities to acquire smaller companies or merge with other players to capture market share. Going forward, we could possibly see many such deals as the Canadian cannabis sector starts to consolidate.